How do I determine what the capital-gains tax is on an item like Collectible Cards, in the state of Virginia? (one-time sale of cards older than a year, not a businessman). Additionally, how does this "interact" with the U.S. Federal capital-gains tax (which as far as I can tell, will be 28%).

It's been surprisingly hard to find this out. The little I've seen, seems to indicate that VA follows the US tax-rates on things like that, which would mean the total tax would be 56%? Ouch...


Virginia long-term capital gains are taxed like any other income, with a maximum rate of 5.75%, so your maximum combined rate is 33.75%.

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.